Former Chicago Mayor Rahm Emanuel’s recent Wall Street Journal op-ed saddens me a bit, as most of his op-eds do. In the op-ed he urges Democrats to use their putative new Congressional majority to become more moderate:
There is little question that President Trump and the GOP will lose this election. With Mr. Trump’s approval rating hitting a historic low for an incumbent president before the midterms, Republicans will cede control of the House and likely the Senate. What is still far from clear is whether Democrats will win. That question won’t be answered on Nov. 3 but over the next two years.
The top story from the 2026 cycle will be the electoral opening Democrats seized—and will have to maintain. Most important, the McCain-Romney Republicans, who are politically homeless, need to be welcomed into Democrats’ governing and electoral coalition. More than 25% of self-described “non-MAGA Republicans” would prefer Democratic control of the next Congress. That is crucial because as in 1991 and 2007—the years before Bill Clinton and Barack Obama won the White House—how Democrats govern in 2027 will determine what happens in 2028 and beyond.
and
Millions of McCain-Romney voters are redefining their political identities, and they will be most responsible for Democratic gains in November. These voters don’t want to be associated with MAGA, and they see themselves as free agents. The question for Democrats is whether we’re willing to give them a permanent home.
Here’s his advice:
First, ban stock trading for elected and appointed officials in all three branches. Second, prohibit their participation in prediction markets. Third, require government officials who have a net worth of more than $1 million to put their assets in a blind trust while serving. Finally, to prevent the foreign interference the Founding Fathers worried about, ban all foreign gifts and investments to public officials while serving and for two years after they leave office. This would have precluded a firm linked to the United Arab Emirates from investing $500 million in the Trump family’s crypto enterprise.
Democrats should also address the cost of living. We should immediately raise the federal minimum wage, the first hike in nearly two decades. Next, we should reduce the tariffs that have proved so counterproductive. By making government deliver again, we’ll come out ahead politically and, more important, substantively.
The reason it saddens me is that I fear Mr. Emanuel is engaging in nostalgia. I think he’s nostalgic for the midterm victory of which he was the principal architect in 2006. His success in 2006 depended on recruiting candidates whose views sometimes differed substantially from those of the Democratic Party’s leadership and activist base. Would today’s Democratic Party tolerate such candidates?
I can agree with his proposals with some quibbles (for example, a $12/hour minimum wage is different than a $25/hour wage and the candidate likely to be our next senator is arguing for a $25/hour minimum wage). His proposals might not being as strongly supported among his presumed audience as he thinks. In December 2021, House Speaker Pelosi explicitly defended lawmakers’ right to trade stocks.
For me the question is less whether from a policy standpoint, historic standpoint, or strategic standpoint the Democratic Party should take those steps but whether today’s Democratic Party can take those steps from a political standpoint? I see this op-ed as yet another salvo in Mr. Emanuel’s bid to be the Democratic candidate for president in 2028. Would he be a viable candidate in today’s Democratic Party?







